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HUGE DEAL Groupon IPO Set to Make $700 Million Charles Rex Arbogast / AP Photos

Groupon IPO Set to Make $700 Million

Groupon is about to land itself the ultimate deal. After upping its IPO to $20 per share from an initial $16 to $18, the daily deals site is set to make $700 million when it goes public this week. Groupon CEO Andrew Mason and team pulled off the huge deal by narrowing its stock supply and cutting the company’s valuation in half. In preparation for one of the year’s most highly anticipated IPOs, current shareholders are not selling stock and the company itself is only selling under 10 percent.

November 3, 2011 10:12 PM